Book description
This book provides a comprehensive introduction to actuarial
mathematics, covering both deterministic and stochastic models of life
contingencies, as well as more advanced topics such as risk theory,
credibility theory and multi-state models.
This new edition includes additional material on credibility theory,
continuous time multi-state models, more complex types of contingent
insurances, flexible contracts such as universal life, the risk
measures VaR and TVaR.
Key Features:
- Covers much of the syllabus material on the modeling
examinations of the Society of Actuaries, Canadian Institute of
Actuaries and the Casualty Actuarial Society. (SOA-CIA exams MLC
and C, CSA exams 3L and 4.)
- Extensively revised and updated with new material.
- Orders the topics specifically to facilitate learning.
- Provides a streamlined approach to actuarial notation.
- Employs modern computational methods.
- Contains a variety of exercises, both computational and
theoretical, together with answers, enabling use for self-study.
An ideal text for students planning for a professional career as
actuaries, providing a solid preparation for the modeling examinations
of the major North American actuarial associations. Furthermore, this
book is highly suitable reference for those wanting a sound
introduction to the subject, and for those working in insurance,
annuities and pensions.
